Bloomberg is reporting that SiFive has declined Intel’s offer for a buyout of the company and wishes to remain independent. The RISC-V solutions maker received an offer from Intel earlier this year for $2 billion but recent reports states that SiFive has opted to go for an initial public offering and remain independent versus being acquired by a big tech company.
Sources state that SiFive felt that Intel’s offer was far less than what the company is worth and that they contradicted with SiFive’s ideologies. They also were reported to not have liked the projected plans of integrating SiFive in the Intel company roadmaps. The company may still be open to be scooped up by another company that SiFive feels ideal but for now, the company is looking to start their IPO.